The Financial Outlook for Personal Investors: The prospect for UK banks.

Ahead of the banks' results, Russ Mould, Investment Director of A J Bell asks if the markets are saying something is not quite right in the sector. With all banks trading below book value, are they screamingly cheap or is it the case that the underlying valuations will prove to be highly inaccurate? Investors' attitudes may depend on whether they are optimistic for the economy as a whole or fear the worst.